Cyril Ramaphosa: the ANC may have been saved from losing its majority only by his rise as president after he unseated  Jacob Zuma last year. Photograph:  Phill Magakoe/AFP/Getty Images

The African National Congress of South Africa’s president Cyril Ramaphosa won national elections with 57.5 per cent of the vote, its lowest ever parli(...)

South African president Cyril Ramaphosa delivers his state of the nation address to parliament, in Cape Town. Photograph: Ruvan Boshoff/Reuters

Cyril Ramaphosa promised to “turn the tide of corruption” in his first speech as South Africa’s president, saying the nation was entering a “new dawn”(...)

UniCredit:  bank’s fund management arm Pioneer Investments and Santander Asset Management have been in talks for more than 20 months to create a European fund manager with almost €400 billion in assets. Photograph:  Alessia Pierdomenico/Bloomberg

Italy’s UniCredit and Spain’s Banco Santander are scrambling to save a plan to create Europe’s third-largest money manager after the UK’s vote to leav(...)